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Reliance Capital completes MF stake sale to Nippon Life

Last Updated: Friday, August 17, 2012, 12:30

Reliance Capital on Friday said it has completed sale of 26 percent stake in its asset management and mutual fund unit to Japanese financial services giant Nippon Life for Rs 1,450 crore.

Reliance Life to hire 50,000 advisors this fiscal

Last Updated: Thursday, August 16, 2012, 13:04

Leading private sector insurer Reliance Life will hire nearly 50,000 advisors and 5,500 full-time insurance consultants this fiscal to negate any impact of high attrition and to sustain growth.